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Dec 22, 2012
12/12
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cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination. the economy right now warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy, grew by an annual rate of 3.1% over the summer. that's more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growth. and more americans are sp
cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate...
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Dec 22, 2012
12/12
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CNBC
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but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which side are you on? >> good news today. the split will be included in the s&p which is why it was up. abbott is going higher. that's why my travel trust owns it. things seem dysfunctional in washington but even now it's better to be a buyer than a seller if you know where to look. "mad money" will be right back. >> announcer: coming up, the world is overflowing with information and tibco helps make sense of ones and zeros. while the market is up nice for the year, its stock is now down big. does today's turn to the green mean it's time to logon or should you pull the plug? cramer's exclusive with the ceo is n
but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which...
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Dec 22, 2012
12/12
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our 401(k)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a hal
our 401(k)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down...
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191
Dec 22, 2012
12/12
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CSPAN
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i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to. that is just like the sequestered. that was passed in 2011. they are still working on the cuts. most of the cuts are based on the increase is built into the baseline. when we do cuts, we need to go back to a zero baseline. host: we will leave it there. stephen dinan. guest: your callers are incredibly a form of this. host: we have a sharp plunge out there. -- bunch out there. guest: president, says his plan will produce x billions of dollars more than boehner's plan. both of them are talking about increased deficits over the baseline. they are talkin
i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to....